Finance › Speeches › Akinwumi Adesina

Speech Delivered by Dr Akinwumi Adesina President, African Development Bank Group - 5th Mid-Year Coordination Meeting of the African Union and the Regional Economic Communities and Regional Mechanisms - Nairobi, Kenya 16 July 2023

· Akinwumi Adesina, President of the African Development Bank Group (International)

Summary written by Dark Majestic in its own words · topics: public finances and debt, development and emerging economies, growth, investment and productivity

AA
· Akinwumi Adesina Wiki · African Development Bank Group WikiSpeech Delivered by Dr Akinwumi Adesina President, African Development Bank Group - 5th Mid-Year Coordination Meeting of the African Union and the Regional Economic Communities and Regional Mechanisms - Nairobi, Kenya 16 July 2023

ContextSpeech at the fifth mid-year coordination meeting of the African Union and regional economic communities in Nairobi; the African Development Bank finances Africa's development and backs regional integration.

Why it mattersAdesina proposes security-indexed bonds to finance stability in fragile areas.

Problems raised
  1. Africa's debt is rising.
  2. Insecurity and fragility undermine development.
  3. Low-interest long-term finance is scarce.
Solutions proposed
  1. Launch security-indexed investment bonds.
  2. Deliver the Bank's High 5 priorities.
  3. Tackle Africa's debt challenge decisively.
Read full speech on afdb.org ↗

More from Akinwumi Adesina · African Development Bank Group · all speeches

More speeches by Akinwumi Adesina

Other leaders on public finances and debt